The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Cabot Corp shares valued at $4,005,182 were sold by Kalkstein Hobart on Nov 11 ’24. At $115.23 per share, Kalkstein Hobart sold 34,759 shares. The insider’s holdings dropped to 50,627 shares worth approximately $5.62 million following the completion of this transaction.
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Also, Zhu Jeff Ji purchased 14,566 shares, netting a total of over 1,649,600 in proceeds.
Before that, Kalkstein Hobart had added 34,759 shares to its account. In a trade valued at $4,005,182, the Officer bought Cabot Corp shares for $115.23 each.
As published in a research note from JP Morgan on November 11, 2024, Cabot Corp [CBT] has been rated down from a Neutral to an Underweight and the price target has been revised to $105. Analysts at Deutsche Bank downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in mid April. As of March 27, 2024, Mizuho has initiated its “Buy” rating for CBT. Earlier on January 08, 2024, UBS downgraded its rating. Their new recommendation was “a Neutral” for CBT stock which previously was a “a Buy”.
Analyzing CBT Stock Performance
During the last five days, there has been a drop of approximately -5.17%. Over the course of the year, Cabot Corp shares have jumped approximately 32.87%. Shares of the company reached a 52-week high of $117.46 on 11/07/24 and a 52-week low of $70.63 on 02/05/24. A 50-day SMA is recorded $109.78, while a 200-day SMA reached $97.49. Nevertheless, trading volume fell to 0.52 million shares from 0.5 million shares the previous day.
Support And Resistance Levels for Cabot Corp (CBT)
According to the 24-hour chart, there is a support level at 109.97, which, if violated, would cause prices to drop to 109.00. In the upper region, resistance lies at 112.87. The next price resistance is at 114.80. RSI (Relative Strength Index) is 48.78 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.69, which suggests the price will increase in the coming days. Percent R is at 48.95%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
